Location: Saline County, IL | Metro: Gallatin County, IL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
U.S. Census Bureau data (2024)
In ZIP code 62934, the economics of Section 8 housing can be clearly defined by examining the Subsidized Average Fair Market Rent (SAFMR) and comparing it to the local market rent. For a two-bedroom apartment in this ZIP code, the SAFMR for fiscal year 2026 is set at $940. This figure represents the maximum amount that the Housing Choice Voucher program will pay for a unit in this specific ZIP code. In contrast, the local market rent for a similar unit, based on Census ACS data, is $428.
A landlord participating in the Section 8 program receives payments from the government to cover the difference between the tenant's contribution and the total rent. The tenant is typically responsible for paying 30% of their adjusted income towards rent. If we assume an average adjusted income of $1,500 for a Section 8 household, the tenant would contribute $450 per month (30% of $1,500).
The remainder of the rent, up to the SAFMR limit, is paid by the housing authority. Therefore, in this case, the housing authority would pay $490 per month ($940 - $450). However, this does not account for utility allowances, which can vary. Assuming a utility allowance of $150, the total reimbursement a landlord might receive would be $640 per month ($490 rent subsidy + $150 utility allowance).
This means that for a two-bedroom apartment, the typical reimbursement gap or surplus would be a $212 surplus per month for landlords in ZIP 62934, considering the local market rent of $428. The surplus arises because the combined payment from the tenant and the housing authority exceeds the typical market rent for the area.
To summarize, landlords in ZIP 62934 who accept Section 8 vouchers will receive a total monthly payment of $640, which includes both the rent subsidy and utility allowance. Given the local market rent of $428, landlords will see a consistent surplus of $212 above the typical rental price for a two-bedroom unit.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.